Galaxy Surfactants Ltd - Technical and Fundamental Analysis
Updated
Galaxy Surfactants Ltd is a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional and Local FMCG brands.
The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries #
Multiple Manufacturing plants:
The Company has 7 Strategically Located Facilities with In-house Project Execution Capabilities 5 in India, 1 in Egypt and 1 in the US.
Clients
The Company located in Navi Mumbai and Serving 1,750+ Clients Presence across 80+ countries and having 1,550+ Employees across all facilities. Company’s major clients are Unilever, Reckitt Benckiser, P&G, L’OREAL, Himalaya, Colgate Palmolive, etc. About 65% of the volumes come from the International market. Revenue Contribution by MNC Customers stands at 55%, Regional Players 11%, and Local & Niche Player 34%.
Patents
Since 2000, a total of 65 patents have been granted to Galaxy with 20 under the application. 78 indigenous Intellectual Properties have been Approved and 13 have been applied. In FY 2019-20, a total of 11 patents were granted to Galaxy.
The company is in midcap range with market cap of Rs. 11,123 Cr., current P/E is 39. Topline and bottomline both are promising and company is consistently reducing it's debts on year on year basis. ROCE - 24% & ROE 24%. Fundamentally the company is very strong.
On the technical side, stock is looking very strong on daily and weekly charts, long term chart is in uptrend. You can see huge volume at bottom on regular intervals, this indicates that still a lot of up move is left for this stock.
BUY at CMP i.e. 3132
Target - 6200 (double)
The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries #
Multiple Manufacturing plants:
The Company has 7 Strategically Located Facilities with In-house Project Execution Capabilities 5 in India, 1 in Egypt and 1 in the US.
Clients
The Company located in Navi Mumbai and Serving 1,750+ Clients Presence across 80+ countries and having 1,550+ Employees across all facilities. Company’s major clients are Unilever, Reckitt Benckiser, P&G, L’OREAL, Himalaya, Colgate Palmolive, etc. About 65% of the volumes come from the International market. Revenue Contribution by MNC Customers stands at 55%, Regional Players 11%, and Local & Niche Player 34%.
Patents
Since 2000, a total of 65 patents have been granted to Galaxy with 20 under the application. 78 indigenous Intellectual Properties have been Approved and 13 have been applied. In FY 2019-20, a total of 11 patents were granted to Galaxy.
The company is in midcap range with market cap of Rs. 11,123 Cr., current P/E is 39. Topline and bottomline both are promising and company is consistently reducing it's debts on year on year basis. ROCE - 24% & ROE 24%. Fundamentally the company is very strong.
On the technical side, stock is looking very strong on daily and weekly charts, long term chart is in uptrend. You can see huge volume at bottom on regular intervals, this indicates that still a lot of up move is left for this stock.
BUY at CMP i.e. 3132
Target - 6200 (double)
Note
Those who have not entered earlier or joined late, this is the right time to enter as the stock started moving after retracing in short term.
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